Life Reinsurance Bordereaux
This case study focuses on a global insurer that used SolveXia’s automation solution to fix its life insurance bordereaux problem.
Client: Global insurer with over 50,000 employees offering products in 200+ countries.
Problem: Complex, fragmented and data intensive procedures for calculating their premiums for Life Reinsurance.
Solution: Automated end-to-end process for collecting and validating administration system data, allocating benefits to reinsurance treaties and calculating premiums.
- Automation deployed in under 6 months
- 200+ steps in the automated process
- Calculation of over 500,000+ term and lump sum benefits
- Allocation of reinsurance to 10+ treaties
- Process completes in under 1.5 hours (compared to 4+ hours using scripts)
- 10+ exception reports